Job cuts at Pakistan-based e-commerce firm Daraz follow a workforce reduction of more than 15,000 at parent Alibaba in the first nine months of 2022. Source link
Read More »Beijing pushes new measures to revive e-commerce activities in nation’s capital
The initiative is expected to make it easier for online merchants to set up bricks-and-mortar stores in the Chinese capital to help increase sales, while boosting ‘flexible employment’ in the sector. Source link
Read More »ByteDance-owned Douyin looks to shake up China’s on-demand local services sector
Douyin, the Chinese version of TikTok, is competing against Meituan in food delivery and other segments of on-demand e-commerce in the country. Source link
Read More »China’s central bank says Ant Group’s revamp is ‘basically completed’
Ant Group and others ‘have basically completed business rectification’ under the guidance of financial regulators, a central bank official said on Friday. Source link
Read More »Amazon to slash more than 18,000 jobs, CEO says
It’s the largest set of lay-offs in Amazon’s history, although just a fraction of its 1.5 million global workforce. Source link
Read More »Alibaba sees better days ahead after Covid opening, easing of regulatory pressure
Hit by weak consumer spending, brutal competition and regulatory scrutiny, Alibaba looks set for a brighter 2023 amid China’s Covid reopening and Beijing’s promises of support for the private economy. Source link
Read More »JD.com founder Richard Liu criticises e-commerce executives for poor performance
Analysts say reports of Liu’s intervention shows he is still in firm control of e-commerce giant despite stepping back from frontline roles. Source link
Read More »China’s e-commerce expertise tapped to build Indonesia’s digital economy
Indonesia is looking to bring greater internet connectivity to hundreds of remote islands, and new joint projects with Chinese companies could be a boon for online retailing in the Southeast Asian nation. Source link
Read More »Hong Kong food delivery firms say business will still boom after Covid-19
Major food delivery services say demand will not let up as restaurant restrictions continue to be eased. Source link
Read More »Ele.me unveils new smart helmet tailored for delivery riders
Ele.me debuts a new smart helmet at World Internet Conference aimed at improving road safety for the country’s millions of hard-pressed delivery riders. Source link
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